Swiss National Bank Lowers Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Swiss National Bank lessened its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 359,217 shares of the company’s stock after selling 4,800 shares during the quarter. Swiss National Bank’s holdings in Liberty Latin America were worth $2,730,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in shares of Liberty Latin America by 71.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,640 shares of the company’s stock worth $28,000 after acquiring an additional 1,515 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Liberty Latin America by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,194 shares of the company’s stock worth $169,000 after acquiring an additional 1,848 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Liberty Latin America by 94.8% in the first quarter. Captrust Financial Advisors now owns 4,388 shares of the company’s stock worth $42,000 after acquiring an additional 2,135 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Liberty Latin America by 13.1% in the fourth quarter. ProShare Advisors LLC now owns 19,508 shares of the company’s stock worth $148,000 after acquiring an additional 2,264 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Liberty Latin America by 3.0% in the first quarter. Federated Hermes Inc. now owns 132,809 shares of the company’s stock worth $1,274,000 after acquiring an additional 3,877 shares in the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

Insider Activity

In other Liberty Latin America news, Director Eric Louis Zinterhofer acquired 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $7.82 per share, with a total value of $586,500.00. Following the acquisition, the director now directly owns 12,143,289 shares of the company’s stock, valued at approximately $94,960,519.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotiabank cut Liberty Latin America from a “sector outperform” rating to a “sector perform” rating and set a $2.50 price target on the stock. in a research note on Thursday, May 18th. StockNews.com started coverage on Liberty Latin America in a report on Thursday, May 18th. They issued a “hold” rating for the company. Pivotal Research boosted their price objective on Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Finally, TheStreet lowered Liberty Latin America from a “c-” rating to a “d” rating in a report on Friday.

Liberty Latin America Trading Up 0.9 %

NASDAQ:LILAK opened at $8.18 on Wednesday. The firm has a market capitalization of $1.75 billion, a PE ratio of -6.01 and a beta of 1.31. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $8.30. Liberty Latin America Ltd. has a 52 week low of $5.88 and a 52 week high of $9.98.

Liberty Latin America (NASDAQ:LILAK – Get Rating) last posted its earnings results on Monday, May 8th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $1.10 billion during the quarter.

Liberty Latin America Company Profile

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Liberty Latin America Ltd. is a holding company, which engages in the provision of fixed, mobile, and subsea telecommunications services. It operates through the following segments: C and W Carribean, C and W Panama, Cand W Networks and LatAm, Liberty Puerto Rico, Liberty Costa Rica, and VTR. The company was founded in 2010 and is headquartered in Denver, CO.